Acuity Brands Inc (NYSE:AYI) Institutional Investors Quarterly Sentiment

October 12, 2017 - By Vivian Park

 Acuity Brands Inc (NYSE:AYI) Institutional Investors Quarterly Sentiment

Sentiment for Acuity Brands Inc (NYSE:AYI)

Acuity Brands Inc (NYSE:AYI) institutional sentiment decreased to 0.85 in Q2 2017. Its down -0.06, from 0.91 in 2017Q1. The ratio worsened, as 169 institutional investors increased and opened new positions, while 199 cut down and sold their equity positions in Acuity Brands Inc. The institutional investors in our partner’s database now own: 44.26 million shares, up from 44.02 million shares in 2017Q1. Also, the number of institutional investors holding Acuity Brands Inc in their top 10 positions increased from 2 to 7 for an increase of 5. Sold All: 61 Reduced: 138 Increased: 121 New Position: 48.

Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The company has market cap of $6.81 billion. The Firm operates through North American segment. It has a 22.19 P/E ratio. The Firm offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

About 122,029 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since October 12, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Sheffield Asset Management L.L.C. holds 7.69% of its portfolio in Acuity Brands, Inc. for 135,898 shares. Generation Investment Management Llp owns 3.37 million shares or 6.98% of their US portfolio. Moreover, Villere St Denis J & Co Llc has 4.34% invested in the company for 368,008 shares. The Arkansas-based Lathrop Investment Management Corp has invested 3.72% in the stock. Bronson Point Management Llc, a Connecticut-based fund reported 35,000 shares.#img1#

Acuity Brands, Inc. (NYSE:AYI) Ratings Coverage

Ratings analysis reveals 58% of Acuity Brands Inc.’s analysts are positive. Out of 19 Wall Street analysts rating Acuity Brands Inc., 11 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $15000 while the high is $306. The stock’s average target of $235.19 is 42.48% above today’s ($165.07) share price. AYI was included in 49 notes of analysts from August 21, 2015. The firm has “Neutral” rating given on Wednesday, April 5 by Goldman Sachs. As per Friday, September 15, the company rating was downgraded by Wells Fargo. The firm has “Buy” rating given on Thursday, October 6 by Canaccord Genuity. The firm earned “Buy” rating on Monday, January 11 by Canaccord Genuity. Roth Capital maintained the stock with “Sell” rating in Monday, April 3 report. The rating was downgraded by Roth Capital to “Sell” on Friday, January 27. Oppenheimer maintained it with “Outperform” rating and $245 target in Friday, February 12 report. Robert W. Baird downgraded Acuity Brands, Inc. (NYSE:AYI) rating on Tuesday, December 20. Robert W. Baird has “Neutral” rating and $265 target. CLSA upgraded the shares of AYI in report on Tuesday, January 10 to “Buy” rating. Oppenheimer maintained Acuity Brands, Inc. (NYSE:AYI) rating on Tuesday, December 1. Oppenheimer has “Outperform” rating and $265 target.

More notable recent Acuity Brands, Inc. (NYSE:AYI) news were published by: Globenewswire.com which released: “Acuity Brands Reports Record Quarterly and Full-Year Results” on October 04, 2017, also Benzinga.com with their article: “Acuity Brands Downgraded As Bull Thesis Fails To Manifest” published on September 19, 2017, Nasdaq.com published: “Earnings Reaction History: Acuity Brands Inc., 70.0% Follow-Through Indicator …” on October 04, 2017. More interesting news about Acuity Brands, Inc. (NYSE:AYI) were released by: Marketwatch.com and their article: “Acuity Brands’ stock plunges as sales miss offsets profit beat” published on October 04, 2017 as well as Seekingalpha.com‘s news article titled: “Acuity Brands’ (AYI) CEO Vern Nagel on Q4 2017 Results – Earnings Call Transcript” with publication date: October 04, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.